Arsenal may get their wish in landing Amadou Onana for lower than what Everton are asking for following another financial update.
football.london reported on Monday (8 January) that Arsenal are hoping to sign Onana in the January transfer window for less than £50million.
The report explains that the Toffees are holding out for that amount, but their hand may be forced due to Everton’s well publicised financial issues.
By coincidence or otherwise, it was reported on the same day by the Liverpool Echo that 777 Partners have put another £50m into the club.
That takes the sum the Americans have loaned to Everton to around £150m, helping to cover day-to-day costs and the new stadium construction.
Factor on top of that the £400m that has been borrowed from other major creditors, and the Toffees now have at least £550m to pay back at some point.
Supporters are hopeful that 777 Partners will be given the green light to take over the club, in which case that figure becomes less of a burden.
At this point, though, it seems to be a constant flow of money coming into the club that will have to be repaid at some point.
That may very well mean that some money has to be recouped through a player sale this month, and Onana seems to be a wanted man.
Not only are Arsenal supposedly interested in the midfielder, Manchester United have been linked as well [The Metro, 8 January].
The last thing Everton will want to do this month is weaken the squad, of course, but it may be a case of needs must.
If Arsenal go close to £50m with their offer – £45m, say – the Toffees will have a big decision to make. Let’s just hope they can hold their nerve in any negotiations.
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